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5 Mar 2025 17:09
5 March 2025
XP Factory Plc
("XP Factory", the "Company" or the "Group")
Poll Result of General Meeting in relation to the Proposed Capital Reduction
XP Factory plc (AIM: XPF), one of the UK's pre-eminent experiential leisure businesses, confirms that the special resolution proposed at the General Meeting held at 10.00 am this morning, 5 March 2025, was duly passed by way of a poll. All valid proxy votes (whether submitted electronically or in hard copy form) were included in the poll taken at the meeting. The poll results for the resolution are set out below.
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| Poll Results |
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| RESOLUTION |
Votes FOR |
Percentage FOR |
Votes AGAINST |
Percentage AGAINST | % of ISC voted |
Withheld | ||
1 | Special Resolution: THAT, subject to the approval of the High Court of Justice, the amount standing to the credit of the Company's Share Premium Account at the date of the final hearing to approve the Capital Reduction be cancelled. | 113,277,386 | 99.88 | 133,377 | 0.12 | 64.75 | 391 | ||
Notes:
1. A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "for" and "against" a resolution.
2. The issued share capital (ISC) figure used to calculate the percentage voted is 175,157,600. This is the figure as at the close of business on 3 March 2025.
The timetable for the remaining principal events is as follows:
· Expected date of initial directions hearing of the Court: | 14 March 2025 |
· Expected date of Court Hearing to confirm the Capital Reduction: | 25 March 2025 |
· Registration of Court Order and expected effective date for the Capital Reduction: |
By 31 March 2025
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The expected dates for the confirmation of the Capital Reduction by the Court and the Capital Reduction becoming effective are based on provisional dates that have been obtained for the required Court hearings of the Company's application. These provisional hearing dates are subject to change and are dependent on the Court's timetable. If the expected dates of the Court hearings are changed (and consequently the expected effective date for the Capital Reduction changes), the Company will give notice of this to the extent practicable by announcement via the Regulatory News Service of the London Stock Exchange.
Enquiries:
XP Factory Plc
https://www.xpfactory.com/ +44 (0) 20 7846 3322
Richard Harpham (Chief Executive Officer)
Graham Bird (Chief Financial Officer)
Singer Capital Markets, NOMAD and Broker
https://www.singercm.com +44 (0) 20 7496 3000
Peter Steel
James Todd
IFC Advisory - Financial PR
https://www.investor-focus.co.uk/ +44 (0) 20 3934 6630
Graham Herring
Florence Chandler
Notes to Editors:
About XP Factory plc
The XP Factory Group is one of the UK's pre-eminent experiential leisure businesses which currently operates two fast growing leisure brands. Escape Hunt is a global leader in providing escape-the-room experiences delivered through a network of owner-operated sites in the UK, an international network of franchised outlets in five continents, and through digitally delivered games which can be played remotely.
Boom Battle Bar is a fast-growing network of owner-operated and franchise sites in the UK that combine competitive socialising activities with themed cocktails, drinks and street food in a high energy, fun setting. Activities include a range of games such as augmented reality darts, Bavarian axe throwing, 'crazier golf', shuffleboard and others. The Group's products enjoy premium customer ratings and cater for leisure or teambuilding, in small groups or large, and are suitable for consumers, businesses and other organisations. The Company has a strategy to expand the network in the UK and internationally, creating high quality games and experiences delivered through multiple formats and which can incorporate branded IP content. (https://xpfactory.com/)
Facebook: EscapeHuntUK BoomBattleBar
Twitter: @EscapeHuntUK @boombattlebar
Instagram: @escapehuntuk @boombattlebar
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